Gbp-jpy
gbpJpy buy ideaA good way to deal with part of this psychological obstacle is to grade your setups. Please take a look at each of them and assign them a letter grade according to how good or how bad they are. At least this way, you’ll know how prepared or unprepared for a trade you were. It will also help to accept that even an A+ rated setup is no guarantee for success.
GBP/JPY BULLISH from the supportGBP/JPY has broken the lower Bollinger band on the daily timeframe. The price is currently trending downwards, and could be moving upwards due to the Bollinger band break. There is a strong support level around the 149.000 price where we suggest to start buying.
entry: 149.000
S/L: 148.300
target: 152.200
Some fundamentals, with news about Fed raising rates in 2022, in combination with leveraged loan market in the US. We might see money flowing into the less risky JPY.